Lumber Liquidators is facing over 100 class action lawsuits from
customers related to its laminate flooring.

What this disagreement with insurers means is that the
company may have to cover
the costs of the lawsuits that have been brought against it since
March 1. This
could run into the tens of millions of dollars, according to
the Post.

In a statement to Business
Insider, the company said: "Lumber Liquidators obtained liability
insurance that promised to cover it if it found itself involved
in litigation, but Lumber Liquidators' insurers are arguing that
some of the fine print in those policies lets them off the hook.
Lumber Liquidators is asking the court to make these insurers
live up to their promises."

"This is a dispute about
language and how it is interpreted; it's not that unusual with
insurers," a spokesperson said.

The company's shares fell about 4% on
Tuesday.

Shares are down 59% year-to-date. The March 1 episode of CBS' "60
Minutes" presented evidence, through tests, that the company's
laminate flooring sourced in China contained excessive levels of
formaldehyde.

The company said the testing methods were improper.

And amid
investigations by the Consumer Product Safety Commission and
the Department of Justice, the company
halted sales of the controversial flooring last week.